Key Stocks to Watch on Monday: Reliance, UltraTech, Vedanta, and More
Sandip Raj Gupta
23/Dec/2024

What's Covered Under the Article:
- Reliance to acquire a 45% stake in US-based Health Alliance Group for $10 million.
- UltraTech gets approval from CCI for acquiring India Cements.
- Vedanta decides against the demerger of its base metals business.
On Monday, December 23, several stocks are poised to attract market attention due to significant developments across sectors. Here are the detailed updates on major stocks to watch today:
1. UltraTech and India Cements:
The Competition Commission of India (CCI) has approved the acquisition of India Cements by UltraTech. This deal is expected to enhance UltraTech's market presence in the cement industry and strengthen its position as one of the largest players in the sector.
2. Reliance:
Reliance Industries has announced plans to acquire a 45% stake in the US-based Health Alliance Group for $10 million. This strategic move aims to bolster Reliance's footprint in the healthcare domain and expand its global operations.
3. Vedanta:
In a significant decision, Vedanta has opted not to proceed with the demerger of its base metals business. The company will focus on its existing corporate structure to drive growth and streamline operations.
4. Metals Sector:
The Directorate General of Trade Remedies (DGTR) has recommended a safeguard investigation on the imports of steel flat products. This action could lead to policy adjustments aimed at protecting domestic manufacturers from the impact of cheap imports.
5. Aurobindo Pharma:
Aurobindo Pharma's subsidiary CuraTeQ has received marketing approval from the UK's health regulator for the cancer drug Bevoqla. This development could provide a significant boost to the company's oncology portfolio.
6. Granules India:
Fidelity Funds has sold a 1.30% stake in Granules India via block deals. Key buyers include mutual funds like AB MF and Bandhan MF. This transaction reflects shifting institutional investor dynamics in the company's shares.
7. Sterling and Wilson:
Sterling and Wilson Renewable Energy has bagged an order worth ₹1,200 crore for a 500 MW (AC) solar PV project in Gujarat. This contract underscores the company's strong presence in renewable energy projects.
8. JBM Auto:
JBM Auto has secured an order worth ₹1,800 crore to supply 343 electric buses for Ahmedabad BRTS. This aligns with India's push toward sustainable and green public transport solutions.
9. TeamLease:
TeamLease has announced plans to acquire a 90% stake in TSR Darashaw and a 30% stake in Crystal HR. These acquisitions aim to broaden TeamLease's service offerings in the HR and staffing industry.
10. Suraksha:
Suraksha's Q2 performance has been impressive, with a revenue increase of 11% and EBITDA growth of 12% YoY. This highlights the company's resilience and operational efficiency.
11. AGI Greenpac:
The board of AGI Greenpac has approved a fund raise of ₹1,500 crore. This move is expected to strengthen the company's financial position and support its growth plans.
12. Hindustan Construction Company (HCC):
HCC has received court approval for a scheme of arrangement in its Switzerland subsidiary. This decision could positively impact the company's international operations and strategic goals.
These developments are likely to influence market trends and investor sentiment, making these stocks crucial to watch in today's trading session. Investors are advised to stay updated and evaluate opportunities based on these updates.
The Upcoming IPOs in this week and coming weeks are Solar91 Cleantech, Anya Polytech, Rosmerta Digital, Indo Farm, and Avanse Financial. The Current active IPO is Unimech Aerospace, Ventive Hospitality, Senores Pharmaceuticals, Carraro India, Transrail Lighting, Mamata Machinery, DAM Capital, Sanathan Textiles, Concord Enviro and Newmalayan Steel. For more details on upcoming IPOs, you can visit our page at and stay updated with the latest news on IPO updates on . Join our for regular Stock Market Trading and Investment Calls by - SEBI Registered Research Analyst & for Regular Share Market, News & IPO Updates. Start your Stock Market Journey and Apply in IPO by opening a Free Demat Account in .Best IPO to Apply Now - IPO List 2024, Latest IPO, Upcoming IPO, Recent IPO News, Live IPO GMP Today - Finance SaathiTop News Headlines - Share Market News, Latest IPO News, Business News, Economy News - Finance SaathiTrading with CA Abhay Telegram ChannelCA Abhay VarnFinance Saathi Telegram ChannelChoice Broking FinX